BoA Merrill expands online payment system
Bank of America Merrill Lynch BoA Merrill has incorporated its online payment and invoicing system, Paymode-X, to its supply chain and treasury solution offering. Paymode-X, which is powered by Bottomline Technologies, combines electronic purchase order submissions, invoicing and payment settlements onto a single platform for the bank’s customers. This allows them to control and predict cashflow more efficiently, reduce processing costs and strengthen relationships with their suppliers.
“These enhancements will give our clients an even more efficient online application to eliminate paper processing and drive a more efficient supply chain, allowing them to optimise working capital, reduce costs and strengthen controls,” said Chris Bozek,...
